There are numerous reasons why it is essential to select the best short sale realtor when selling your house. Selecting the wrong or inexperienced short sale realtor can lead to massive losses even when your creditor is willing to pay you off just because your realtor has to negotiate skillfully instead of you so that you can get what you deserve.
Moreover, short sale processes entails a lot of paperwork and making a mistake or missing out in any of them may delay the whole process for months.
What is more, unlike the routine real estate transaction that typically involves only two parties, the buyer, and the seller, short sale has three sides, the buyer, the seller and the lender. This processes make the short sale more complicated as compared to the regular real estate processes.
So, choosing the right short sale realtor to represent you is essential. Here are few facts that you need to consider when choosing a short sale agent to represent you during your short sale real estate transactions.
The first consideration that you need to look at is the experience of the realtor that you are about to hire. Your short sale realtor should have worked long enough, perhaps ten years or so, to know the real estate dynamics. If the realtor is still thriving on these assignments, then you need to gauge his ability to deal with the short sale transaction. The realtor you are considering ought to have transacted more than five short sale deals successfully.
It is crucial that you employ short sale agents that work full time. It is vital that you pick someone whom you can with comfortably. From time to time, you might feel that your realtor should be able to sell your property without having to install an advert sign near your home. You do not have to let your neighbors know about your financial crisis.
You also need to choose a realtor with a pleasing character who is willing to sacrifice anything for you. You know you have to work with your realtor for some time. You need to obtain all that is there out of your efforts.
Also, you need to ask him if he offers guarantee to get you what you deserve from your property. A professional realtor should be able to take the risk of paying you if they cannot broker a deal with the creditor.
You also need to hire a realtor who will assist you to get another place for you. Your credit score must have been poor since you have been through severe economic problems. Short sale records will not salvage your credit score. Therefore, you may not be able to meet the requirement of renting a property. That is why you need a good short sale agent to negotiate on your behalf.
You should pick a realtor that has skills to negotiate with your lender on ways to modify your loan as well.